IBA rates Boeing’s China market forecast as “too conservative”

By TESTCustomwebLP TESTCustomwebLP
September 9, 2014 21:50

The International Bureau of Aviation’s Beijing office has stated that Boeing’s recent market forecast for China, in which the manufacturer saw a need for up to 6,000 new aircraft over the next 20 years, is too conservative; and believes the true need for new aircraft in the region will be “significantly above” that figure.

The IBA said: “Whilst there is no doubt that China must meet dramatically increased flight demands, the prediction must not only consider the diversifying economy, but also the refined Government policies targeted at promoting airline traffic, particularly the low-cost airlines, and ill-served Western regions of China.”

David Yu, IBA’s Regional Director, said: “Whilst the new policies will stimulate growth throughout the region, it is also important to consider that over 900 aircraft are expected to be retired over this period.”